Risk Management - Real Estate Appraisal Officer - Associate
JPMorganChase
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Real Estate Appraisal Associate in the Commercial Bank Risk Real Estate Appraisal team, you will work with a state certified general real estate appraiser in the preparation of a variety of multifamily and commercial appraisal assignments. You will collect, organize, analyze, and report appraisal related market data through internal and external data sources, and understand all company research related database and software programs. You will also conduct property-level due diligence and/or inspections of properties as part of the valuation process.
This position will provide you with hands-on real estate experience that will prepare you with requisite experience and training to fulfill and excel in a Multi-family appraiser role in the firm.
Job Responsibilities
- Collect, organize, analyze, and report appraisal related market data through internal and external data sources, and understand all company research related database and software programs.
- Monitor the local and regional commercial real estate markets and reporting on any pertinent news or trends.
- Conduct property-level due diligence and/or inspecting properties as part of the valuation process.
- Assist in the preparation of appraisal reports, with responsibility for completing appraisals being increased over tenure in the position.
- Work closely with a general certified appraiser in order to complete appraisal assignments in a timely manner.
- Estimate the market value of collateral/security for real estate loans in accordance with internal policies/procedures, industry standards, and regulatory requirements.
- Interview real estate market participants for rent surveys, sales verifications, and subject property analysis.
- Perform other duties as assigned, as necessary.
Required qualifications, capabilities, and skills
- Strong analytical, organizational, and multi-tasking skills within a group setting and individually.
- Advanced oral and written communication skills.
- Computer/technology knowledge is required as well as a proficiency in MS Word, Excel, and Outlook (Microsoft Office Suite).
- The ability to self-motivate and manage time efficiently to meet service level deadlines.
- A passion for learning about local real estate market areas and neighborhoods.
- A strong desire to gain an in-depth understanding of various building construction types, flood/environmental hazards, earthquake standards, and zoning conditions, which are expected to increase over the tenure in this position.
Preferred qualifications, capabilities, and skills
- Bachelor’s degree in Business Administration, Finance, Mathematics, Economics, or Real Estate related area is preferred.
- Must have a General, Residential, or Trainee Appraiser license and/or equivalent education and experience, with intent to pursue the General Real Estate Appraiser state license.
- Strong emphasis on multifamily product ranging from 5 to 500 units.
- Exposure to multifamily or commercial real estate transactions or analytics is preferred.
- Ability to independently travel to property inspections and perform market research.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Join us as a Real Estate Appraisal Trainee, and bring your expertise and knowledge of multifamily and mixed-use commercial valuation.